TB MC Qu. 3-165 (Algo) The following partially completed T-accounts... The following partially completed...
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Accounting
TB MC Qu. 3-165 (Algo) The following partially completed T-accounts...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:
| Raw Materials | |||
|---|---|---|---|
| Debit | Credit | ||
| Beginning Balance | 4,900 | 8,800 | |
| 5,100 |
| Work in Process | |||
|---|---|---|---|
| Debit | Credit | ||
| Beginning Balance | 4,000 | 22,100 | |
| 6,100 | |||
| 8,400 | |||
| 8,200 |
| Finished Goods | |||
|---|---|---|---|
| Debit | Credit | ||
| Beginning Balance | 2,100 | 20,300 | |
| 22,100 |
| Manufacturing Overhead | |||
|---|---|---|---|
| Debit | Credit | ||
| 2,700 | 8,200 | ||
| 3,400 | |||
| 3,100 |
| Wages & Salaries Payable | |||
|---|---|---|---|
| Debit | Credit | ||
| 20,300 | Beginning Balance | 2,400 | |
| 11,800 |
| Cost of Goods Sold | |||
|---|---|---|---|
| Debit | Credit | ||
| 20,300 |
The manufacturing overhead applied was:
Multiple Choice
$14,500
$3,100
$3,400
$8,200
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